Taiwan’s MFIG buys about 65,000 tons of corn from US, traders say

HAMBURG: Taiwan’s MFIG purchasing group bought about 65,000 metric tons of animal feed corn expected to be sourced from the United States in an international tender on Thursday, European traders said.

The yellow corn was purchased at an estimated premium of 177.28 US cents a bushel cost and freight (c&f) included over the Chicago May 2026 corn contract, they said. The seller was believed to be trading house Bunge.

The reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

The tender was dominated by US corn, traders said. A total of eight trading companies each offered 65,000 tons of US supplies.

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The next lowest US price offer was estimated to be a premium of 179.00 cents a bushel c&f over Chicago, said to have been submitted by trading house Panocean, traders said.

The only non-US origin offered was one of 65,000 tons of Brazilian corn submitted by trading house Amaggi at 217.00 cents a bushel c&f over Chicago.

No offers were reported for Argentine or South African corn. Shipment was sought in 2026 between January 15 and February 3 if the corn is sourced from the US Gulf, Brazil or Argentina, traders said.

If sourced from the US Pacific Northwest coast or South Africa, shipment was sought between January 30 and February 18, 2026.

Because of concerns about poor quality, Argentine corn would only be accepted if it is the lowest price offered and at least 4 cents per bushel below the next cheapest offer from other origins, traders said.